The unstoppable force of clean energy
 

February 2019

The unstoppable force of clean energy

RYSTAD ENERGY INFORMATION SESSION:

We are pleased to invite to  our "Renewables in 2019 Outlook" on Friday, February 22 in  Barangaroo, Sydney.

Learn more and register

 


RYSTAD ENERGY PRESS RELEASES

Article : Vietnam: 2GW of solar projects to be commissioned in 2019

Article: South East Asia on the cusp of a solar boom in 2019


 RYSTAD ENERGY PRODUCT HIGHLIGHTS

RenewableCube: Up to date, detailed, and comprehensive database of solar, wind and storage assets in Australia, India and SE Asia

•  Renewable product updates: In January 2019, 26 Australian assets operated by 12 companies were added to the RenewableCube, accounting for 2.4 GW of capacity. Of the 26 new projects, 19 are solar, 1 is wind and 6 are storage. Data for a further 79 projects, covering 9.2 GW, was updated.

In January, a complete database of wind projects in the Philippines was added, as well as additional daily updates. 


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Australian renewables pipeline continues to grow
As seen in the AFR (link), the Australian renewable pipeline continues to grow with 2.4 GW of capacity added to the RenewableCube in January alone. This was accomplished in a less-than-favorable political environment, as well as stricter connection rules which commenced in October 2018.

Large scale projects gain DA approval 

The new year period (Dec-Jan) did not see a slowdown in projects moving through the development pipeline, as 3.0 GWAC of solar, wind and storage was granted DA Approval over the new year period. Renewable energy projects included the 800 MWAC Golden Plains wind farm in Victoria, the 900 MWAC Yarrabee solar farm in NSW and the 275 MWAC Darlington Point Solar farm in NSW. Most notably, Darlington Point quickly proceeded past Financial Close in the same period.


Capacity in Australian utility storage pipeline continues growing
In January, ElectraNet commissioned its large-scale battery (30 MW/8MWh) on the Yorke Peninsula, adding to an ever growing list of utility scale batteries to enter the Australian Market. All signs are pointing towards growth in this sector, with batteries declining in cost and the proposed pipeline expanding rapidly. In 2018, 37 storage projects were added to Rystad Energy’s Renewable Tracker/Cube with a total capacity of 5.7 GW.

More renewables projects in Vietnam were commissioned
Another two solar projects and one additional wind project have joined the grid in Vietnam in January, adding a total of 77.6 MW of capacity. Two of these projects, the Mui Dinh wind farm and the BP Solar 1 power plant, are in Ninh Thuan province. A large number of renewables projects will continue to be commissioned in the coming months. However, the grid constraints in Ninh Thuan are a real concern, and developments are not only racing to be commissioned before the Feed in Tariff (FiT) deadline, but also to be connected to the grid earlier than competitors (both wind & solar). In terms of investment, Vietnam has shown increasing interest in the wind development space, as the Vietnamese solar sector waits for policy updates. 

Elsewhere in the region, Scatec Solar commissioned a 65 MWDC solar farm in Malaysia in late December-early January. This project was funded with a suruk, an Islamic financial certificate that comply with Islamic religious law.